I think no matter how many gifts you give or don’t give is not what your children will remember. We prefer spending loads of quality time together. Chanukah candle lighting, means everyone around, singing and then a sitting down to a delicious homemade supper, which sometimes takes more time and energy than gift buying. We set the table with Chanukah (dreidel design) tablecloth, napkins, plates and cups. (from Closeout Connections). Showing ur family that they come first and that spending time with them is important will last a lot longer than gimmiks.
As a side point ONE gift, wrapped in chanukah paper,is given. (rather than money since it is simply more exciting for the kids this way.) Never anything too expensive something that we know the kid wants. We would never have thought of the idea of 8 gifts, i think it belittles the whole thing.